FEIAX vs. PKAIX

Last updated Jun 5, 2026

FEIAX (Fidelity Advisor Equity Income Fund Class A) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Their correlation of 0.86 suggests significant overlap in exposure. FEIAX charges 0.90%/yr vs 0.40%/yr for PKAIX.

Performance

FEIAX vs. PKAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Equity Income Fund Class A (FEIAX) and PIMCO RAE US Fund (PKAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FEIAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PKAIX

• 1D: -0.35%
• 1M: 6.21%
• YTD: 24.12%
• 6M: 21.01%
• 1Y: 43.82%
• 3Y*: 25.38%
• 5Y*: 14.87%
• 10Y*: 14.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEIAX vs. PKAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	2.75%	5.69%	11.19%	-1.35%	22.11%	1.23%	27.19%	-9.89%	11.40%
PKAIX PIMCO RAE US Fund	24.12%	17.19%	16.28%	17.02%	-3.36%	27.74%	3.94%	24.92%	-6.92%	16.51%

Correlation

The correlation between FEIAX and PKAIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 8, 2015	0.86

Over the past year, the correlation between FEIAX and PKAIX has dropped to 0.11 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.

Return for Risk

FEIAX vs. PKAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PKAIX

PKAIX Risk / Return Rank: 93
PKAIX Sharpe Ratio Rank: 95
PKAIX Sortino Ratio Rank: 91
PKAIX Omega Ratio Rank: 86
PKAIX Calmar Ratio Rank: 98
PKAIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEIAX vs. PKAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Equity Income Fund Class A (FEIAX) and PIMCO RAE US Fund (PKAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FEIAX	PKAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Drawdowns

Drawdown Indicators

	FEIAX	PKAIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.56%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.56%	—
Current Drawdown Current decline from peak	—	-0.35%	—
Average Drawdown Average peak-to-trough decline	—	-4.72%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	FEIAX	PKAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.78%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.85%	—

FEIAX vs. PKAIX - Expense Ratio Comparison

FEIAX has a 0.90% expense ratio, which is higher than PKAIX's 0.40% expense ratio.

Dividends

FEIAX vs. PKAIX - Dividend Comparison

FEIAX has not paid dividends to shareholders, while PKAIX's dividend yield for the trailing twelve months is around 11.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEIAX Fidelity Advisor Equity Income Fund Class A	0.00%	4.77%	1.43%	4.90%	5.96%	11.12%	2.23%	8.09%	16.73%	10.16%	3.13%	10.67%
PKAIX PIMCO RAE US Fund	11.09%	13.77%	16.77%	6.65%	8.09%	10.03%	3.20%	4.91%	6.85%	5.85%	5.33%	3.49%

Frequently Asked Questions

Can I hold both FEIAX and PKAIX in my portfolio?

FEIAX and PKAIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.